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socialism
socialism
socialism
The government owns the factors of production. Since Cuba has a dictatorship and Raul Castro is now in charge, it can be said that he owns the factors of production.
Socialism
Socialism
That would be state capitalism, with the government owning the means of production. In Socialism, there is no exchange, and the whole community owns the means of production.
socialism.
A Communist Economy. ------ Socialism
factors of production by govt. , by society and privetly
Command Economy.
Command